Kuwait’s Oil Production Plans Are Beyond Ambitious
Kuwait’s plans announced last week to invest at least US$6.1 billion in exploration over the next five years in order to increase production to a minimum of 4 million barrels Continue Reading
Nigeria’s Rig Count Soars As NNPC, Partners Set to Pump More Oil
Abuja — For the first time since 2020, Nigeria’s rig count, which had been on the decline, soared to 11 in August, signalling readiness by the Nigerian National Petroleum Corporation Continue Reading
LatAm, U.S. shares in India’s oil imports rise; MidEast, Africa down
India’s crude oil imports rose to a four-month high in August, recovering from the near one-year low in July, with refiners buying incremental barrels mainly from Latin America and the Continue Reading
Pemex Fire, Hurricane Ida Dent OPEC Supply Forecast as Oil Demand Gathers Momentum
Two events in the Gulf of Mexico have dented the latest 2021 supply forecast by the Organization of the Petroleum Exporting Countries (OPEC). In the cartel’s latest Monthly Oil Market Continue Reading
Will South America’s Latest Oil Boom Spark A Military Clash?
Since the controversial 1899 decision which set the border between Venezuela and Guyana, Caracas has repeatedly contested the ruling, claiming the 61,000 square miles west of the Essequibo river belongs Continue Reading
U.S. hurricane damage to cut Shell oil output through year-end
Royal Dutch Shell (RDSa.L) , the largest U.S. Gulf of Mexico oil producer, said damage to offshore transfer facilities from Hurricane Ida will cut production into early next year, slashing Continue Reading
COVID has killed about as many Americans as the 1918-19 flu
COVID-19 has now killed about as many Americans as the 1918-19 Spanish flu pandemic did — approximately 675,000. The U.S. population a century ago was just one-third of what it Continue Reading
U.S. Coal Miners Could Be Next in Line for Industry Bailouts
There isn’t much that Senate Minority Leader Mitch McConnell and the Sierra Club agree on, but one of those rare things is a measure that’s part of the bipartisan infrastructure Continue Reading
Shell Near Deal to Sell Permian Assets to ConocoPhillips for About $9.5 Billion – WSJ
Royal Dutch Shell RDS.A -2.16% PLC has agreed to sell all of its assets in the Permian basin, the most active U.S. oil field, to ConocoPhillips COP -3.14% for around $9.5 billion in cash. The deal, disclosed Continue Reading
The American West is running out of water—and Big Oil, of all things,
We will eventually stop burning fossil fuels. The question isn’t if oil and gas fades from the picture, but whether it can happen quickly enough to stave off environmental catastrophe. Continue Reading